JPMorgan Warns Customers: Prepare to Pay for Checking Accounts - WSJ
Lake said Chase is planning to pass on the costs of higher regulation and charge customers for a number of now-free services, including checking accounts and wealth-management tools, if the rules become law in their current form.
Chase charges a variable APR on their personal credit cards of 20.49% - 29.24%.
But yeah, they’re going broke on your free checking account, which pays 0% interest and also generates interchange revenue.